PFC cuts lending rate by 25 bps

Power Finance Corporation on Monday reduced the interest rate on all types of loans by 25 bps. For renewable energy projects, the public sector lender has reduced the rate by 50 bps. The revised rates shall be applicable on all disbursements and resets made or to be made on or after February 1, 2013, it said in a statement.

siddhartha.s@thehindu.co.in